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The term baby boom refers to a noticeable increase in the birth rate. The post-World War II population increase was described as a "boom" by various newspaper reporters, including Sylvia F. Porter in a column in the May 4, 1951, edition of the New York Post, based on the increase of 2,357,000 in the population of the U.S. from 1940 to 1950.
A period of more than two million annual births from 1971 to 1974, with the number of births in 1973 peaking at 2.09 million, [14] is referred to as the second baby boom. However, unlike the first boom, this increase in the number of births is an increase in the number of births not accompanied by an increase in the total fertility rate.
The baby boom was stronger among American Catholics than among Protestants. [22] The exact beginning and end of the baby boom is debated. The U.S. Census Bureau defines baby boomers as those born between mid-1946 and mid-1964, [2] although the U.S. birth rate began to increase in 1941, and decline after 1957.
The median age of first-time homebuyers has reached a record high of 38 years old, the NAR says. Back in the '80s, people were buying their first homes in their late 20s.
Assuming you’re following the 4% rule for withdrawals, that would amount to $15,361 per year — an increase of $2,004 each year. Add more to your retirement savings
When it comes to retirement planning in the United States, those born between 1946 and 1964 are at the forefront of figuring out if their nest egg will keep pace with their golden years. The baby ...
Generation X (often shortened to Gen X) is the demographic cohort following the Baby Boomers and preceding Millennials.Researchers and popular media often use the mid-1960s as its starting birth years and the late 1970s as its ending birth years, with the generation generally defined as people born from 1965 to 1980.
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